Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00 at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Sanford C. Bernstein from C$191.00 to C$195.00 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

CNR has been the subject of several other reports. BMO Capital Markets lifted their price objective on Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. National Bankshares lifted their price objective on Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. Raymond James lifted their price objective on Canadian National Railway from C$175.00 to C$185.00 in a report on Monday, January 22nd. Royal Bank of Canada boosted their price target on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. Finally, ATB Capital boosted their price target on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of C$183.00.

Canadian National Railway Stock Up 0.3 %

Canadian National Railway stock opened at C$177.43 on Monday. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The company has a market cap of C$113.60 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The stock’s 50 day moving average price is C$175.80 and its 200 day moving average price is C$164.33.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. On average, sell-side analysts predict that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a $0.845 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.79. Canadian National Railway’s payout ratio is currently 39.62%.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 488 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of C$177.40 per share, with a total value of C$86,571.20. In other news, Director Shauneen Elizabeth Bruder purchased 488 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Company insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.